Want this question answered?
Contact the lender immediately to review. If the report is WRONG because you did not assume and default on the mortgage, contact the credit reporting bureau immediately to flag the defaulted account as fraud.
A foreclosed home can take seven years before it is taken off your credit report. You can build your credit back up in about three years if you continue to pay all your bills on time.
were being foreclosed on our home. will the credit union come after us if we take out the cupboards and vanities?
what ever the balance was at the time of foreclosure will report on your credit report
Someone erred in entering it into the record or your information about the foreclosure is incorrect.
Your spouse's credit score should not be affected if he/she is not on the deed or on the mortgage that was foreclosed.
Contact the lender immediately to review. If the report is WRONG because you did not assume and default on the mortgage, contact the credit reporting bureau immediately to flag the defaulted account as fraud.
A foreclosed home can take seven years before it is taken off your credit report. You can build your credit back up in about three years if you continue to pay all your bills on time.
were being foreclosed on our home. will the credit union come after us if we take out the cupboards and vanities?
what ever the balance was at the time of foreclosure will report on your credit report
Someone erred in entering it into the record or your information about the foreclosure is incorrect.
The foreclosure will affect your credit record. You are fully responsible for paying the loan.
Since the lender must approve you to assume any loan, a credit check will probably be necessary.
You might be able to get one, but keep in mind that you have to pay higher interest. Start by looking at foreclosed ads or ask your local bank directly.
The Federal Housing Administration can assist people with bed credit get a home loan. They have programs available for people who have declared bankruptcy or have a foreclosed property.
Yes you do, unless you want a bad mark on your credit report!!!
No, if property has been foreclosed upon the notation will remain on the credit report for the required amount of time of seven years from date of foreclosure. A bankruptcy remains on the credit report for ten years.